Australian Home-Building Approvals Rise

TODAY: May 4, 2015 PUB DATE: May 4, 2015

SYDNEY--The number of Australian home-building permits rose in March, driven by demand for apartments and fueled by the first cut in interest rates in a year and a half. Approvals to build or renovate houses and apartments rose by 2.8% ...

Costco Accuses J&J Vision Care Unit of Price Fixing

TODAY: May 4, 2015 PUB DATE: May 4, 2015

Costco Wholesale Corp. has accused Johnson & Johnson's Vision Care Inc. of causing the retailer's customers to pay higher prices for the eye company's contact lenses. Costco in March filed a complaint against Johnson & Johnson, which revealed the suit ...

China April HSBC Final Manufacturing PMI 48.9 Vs 49.6 in March

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--The HSBC China Manufacturing Purchasing Managers' Index, a gauge of nationwide manufacturing activity, fell to a final reading of 48.9 in April from 49.6 in March, HSBC Holdings PLC said Monday. A reading below 50 indicates a contraction in manufacturing ...

India's Manufacturing Activity Slows in April -- Markit

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Anant Vijay Kala NEW DELHI--A gauge of manufacturing activity in India fell in April as slowing demand hurt growth in new orders. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index, prepared by Markit, fell to 51.3 in April ...

ADB to Cooperate With China-Backed Bank

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--The Asian Development Bank said it has agreed to cooperate with the China-backed Asian Infrastructure Investment Bank following senior-level discussions between the two institutions. Asian Development Bank President Takehiko Nakao discussed the proposals for cooperation in cofinancing with Jin Liqun, ...

Subscribers: Japan Market Items Not Available Due to Holiday

TODAY: May 4, 2015 PUB DATE: May 4, 2015

Items about Japan's markets that are usually published on a regular schedule won't be published Monday through Wednesday due to public holidays. The items will resume Thursday. (END) Dow Jones Newswires May 03, 2015 19:49 ET (23:49 GMT) Copyright (c) ...

EQT Buys Remaining Stake in EEW Energy from Waste

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Dominic Chopping STOCKHOLM--Swedish private equity group EQT said Monday that its EQT Infrastructure II fund has acquired the remaining 49% stake that it doesn't already own in EEW Energy from Waste, for an undisclosed price. The company has bought ...

ANZ to Sell Australian Dealer Finance Business

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Robb M. Stewart MELBOURNE, Australia--Australia & New Zealand Banking Group Ltd. (ANZ.AU) said it is seeking to sell its Esanda Dealer Finance business, which includes about 8.3 billion Australian dollars (US$6.5 billion) in lending assets. An information memorandum is ...

Indonesia Inflation Gains Pace In April On Higher Fuel Costs

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By I Made Sentana JAKARTA--Indonesia's inflation accelerated in April due to higher transportation costs following an increase in fuel prices in late March, the official statistics agency said Monday. The Consumer price index rose 6.79% in April from a year ...

Deal Breakups On Rise

TODAY: May 4, 2015 PUB DATE: May 4, 2015

(FROM THE WALL STREET JOURNAL 5/4/15) By Stephen Grocer Buyers are striking deals for U.S. companies at the highest level in eight years, but they are also backing out at a record clip. So far this year, acquirers have withdrawn ...

Australian Home-Building Approvals Rise on Lower Rates

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By James Glynn SYDNEY--The number of Australian home-building permits rose in March, driven by demand for apartments and fueled by the first cut in interest rates in a year and a half. Approvals to build or renovate houses and apartments ...

Singapore's Unemployment Rate Eases in First Quarter

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore's overall unemployment rate was 1.8% in the first quarter, the lowest level since the third quarter of 2013, underscoring the central bank's worries about a tight labor market. The unemployment rate for residents fell to 2.5% ...

China Shares Drift Lower

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Chao Deng China shares drifted lower Monday after a reading of the country's manufacturing activity slowed more sharply than initially expected, a further sign the economy is flagging. The Shanghai Composite Index was down 1.2% at 4390.140 and the ...

Oil Prices Nearly Flat on Weak China Factory Data

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Biman Mukherji HONG KONG--Oil prices are trading nearly flat in Asia trade Monday, after slipping initially as China's HSBC purchasing managers index, a widely-tracked gauge of manufacturing activity, fell in April. The weak data from one of the world's ...

China Manufacturing Activity Dips in April

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--The HSBC China Manufacturing Purchasing Managers" Index, a gauge of nationwide manufacturing activity, fell to a final reading of 48.9 in April from 49.6 in March, HSBC Holdings PLC said Monday. A reading below 50 indicates a contraction in manufacturing ...

China Factory Gauge Shows Weakness in April -- Update

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--China's manufacturing sector in April turned in its weakest performance in a year, according to a private gauge of the country's factory activity, suggesting that Beijing may need to speed up its efforts to boost the economy. The private-sector HSBC ...

Warren Buffett Gets Heat Over 3G Ties

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By Anupreeta Das Warren Buffett has frequently touted Berkshire Hathaway Inc.'s partnership with private-equity firm 3G Capital. At Berkshire's annual meeting Saturday, he was forced to defend it. Many Berkshire shareholders wanted to know if their company's business principles were ...

Fosun to Buy Insurer Ironshore for $1.84 Billion

TODAY: May 4, 2015 PUB DATE: May 4, 2015

BEIJING--An arm of Fosun Group will spend at least $1.84 billion to acquire the 80% of U.S. insurer Ironshore Inc. it doesn't already own, as the Chinese conglomerate furthers a bet on the global insurance industry. Fosun International Ltd. said ...

Indonesia HSBC Manufacturing PMI at 46.7 in April Vs 46.4 in March

TODAY: May 4, 2015 PUB DATE: May 4, 2015

By I Made Sentana JAKARTA--A private reading of factory conditions in Indonesia edged up slightly in April from a month earlier, but manufacturing activity still continued to contract. HSBC's manufacturing purchasing managers' index rose to 46.7 in April from 46.4 ...